Save Article

PG&E to Provide Power
To Arco Service Stations

a Wall Street Journal Staff Reporter

Updated April 7, 1998 12:18 a.m. ET

The retail-energy unit of PG&E Corp., San Francisco, is scheduled to announce Tuesday a $60 million contract to provide electricity and energy services to Atlantic Richfield Co.'s 350 service stations, company officials said. The multiyear contract took effect last week, when California's electricity market became open to competition. Scott Gebhardt, president and chief executive of the retail unit, PG&E Energy Services, said the contract brings the year-old division's total sales to close to $1.5 billion. Under the terms of the contract with Los Angeles-based Arco, PG&E will also provide electricity to...